By enabling instant, low-cost, borderless transactions, Binance Pay has become a major force in global payments.
In less than a year, Binance Pay has onboarded more than 20 million merchants, a more than 1,700-fold increase from just 12,000 at the start of 2025.
Why Stablecoins Are Driving Change
This growth is a clear sign that crypto payments are moving out of niche use cases and into everyday life. Regions from Latin America to Africa, Europe, the Middle East and Asia now have merchants accepting Binance Pay, reflecting the global appetite for fast and efficient payment solutions.
So far in 2025, over 98% of business-to-consumer payments on the platform have been settled using stablecoins such as USDT, USDC and EURI. These tokens solve long-standing problems in traditional payments, including delays, high fees and limited access. Transactions settle instantly and cross-border transfers cost significantly less, making financial services accessible to people and businesses underserved by banks.
The trend is accelerating. According to Artemis, stable monthly payment volumes exceeded $10 billion in August 2025, an increase of 82% from the start of the year. Binance Pay’s user base has also expanded to over 45 million globally, signaling wide adoption. Concrete examples illustrate this momentum: in Brazil, Binance Pay integrates with the national Pix system for instant cryptocurrency payments in reais, while Argentina allows QR code payments at thousands of merchants, including daily necessities and travel services.
Binance Pay leading the payments revolution
Binance Pay is more than a payment tool; it’s reshaping commerce. Its merchant network spans the retail and luxury sectors, including hospitality and gaming. Trusted global brands like JW Marriott in Cannes, KFC in South Africa and SPAR in Switzerland now accept crypto payments, demonstrating that stablecoins are a viable, everyday medium of exchange.
Traditional financial institutions are taking notice. SWIFT, for example, recently introduced a blockchain-based ledger for cross-border payments, reflecting the industry’s wider adoption of blockchain innovations.
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